BlueCrest Capital Management Ltd lowered its stake in shares of Constellium NV (NYSE:CSTM) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,195 shares of the industrial products company’s stock after selling 43,157 shares during the period. BlueCrest Capital Management Ltd owned 0.10% of Constellium worth $1,162,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Constellium by 1,025.5% during the third quarter. Russell Investments Group Ltd. now owns 119,445 shares of the industrial products company’s stock worth $1,225,000 after acquiring an additional 108,832 shares in the last quarter. Ascend Capital LLC lifted its position in shares of Constellium by 6.2% during the fourth quarter. Ascend Capital LLC now owns 1,294,824 shares of the industrial products company’s stock worth $14,437,000 after acquiring an additional 75,362 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Constellium by 54.1% during the fourth quarter. Acadian Asset Management LLC now owns 202,108 shares of the industrial products company’s stock worth $2,253,000 after acquiring an additional 70,983 shares in the last quarter. Boussard & Gavaudan Investment Management LLP lifted its position in shares of Constellium by 79.9% during the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 2,719,822 shares of the industrial products company’s stock worth $30,054,000 after acquiring an additional 1,207,612 shares in the last quarter. Finally, Governors Lane LP lifted its position in shares of Constellium by 97.9% during the fourth quarter. Governors Lane LP now owns 2,275,288 shares of the industrial products company’s stock worth $25,369,000 after acquiring an additional 1,125,288 shares in the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

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Shares of Constellium NV (NYSE CSTM) opened at $11.90 on Tuesday. The company has a debt-to-equity ratio of -6.34, a current ratio of 1.26 and a quick ratio of 0.68. Constellium NV has a 12-month low of $5.35 and a 12-month high of $14.10. The stock has a market capitalization of $1,630.00, a price-to-earnings ratio of -49.58 and a beta of 0.86.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.87). Constellium had a negative return on equity of 5.81% and a negative net margin of 0.66%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted ($0.19) EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. analysts expect that Constellium NV will post 1.1 EPS for the current fiscal year.

Several research firms have issued reports on CSTM. Societe Generale downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Morgan Stanley set a $15.00 price objective on Constellium and gave the stock a “buy” rating in a research report on Wednesday, February 28th. ValuEngine downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Cowen upgraded Constellium from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $11.00 to $13.00 in a research report on Monday, November 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.25.

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Constellium Company Profile

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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